A Merit Rating System for SUTA Means

question 43

Multiple Choice

A merit rating system for SUTA means:

• A)Rates cannot change
• B)State rates will always be lower
• C)Rate varies with employment record
• D)FUTA will increase
• E)None of these

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Definitions:

Tariff

A tax on imports.

Subsidy

Financial support provided by the government to businesses, individuals, or other entities, aimed at promoting economic activities or ensuring the affordability of basic goods.

Tariffs

Taxes imposed by a government on imported goods in order to protect domestic industries or to generate revenue.

Quotas

A quota is a government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified period.